2715-23 Mars Lane, Maryland Heights, MO 63043
$457,500 (Listed Sold)

16 Units in Maryland Heights

*click image to start slideshow

Invest in St. Louis

 

This is two, eight unit buildings, with a total of 16 two bedroom and 1 bath units. This is a
rare find in the Pattonville School District. The building is located in a quiet
residential neighborhood. The property has updated kitchen and bathes, ceramic
flooring, central air, new electrical breaker boxes, nice floor plan, new windows
and individual washer and dryer hook ups. Buildings have been well-maintained.
Off-street parking lot. Centrally located with convenient access to shopping &
dining, plus just a few minutes drive to I-270, I-70, and I-364 (Page extension).

 

annualized financial summary…

CURRENT MARKET
RENTS  $         116,940  $         139,200
-5% vacancy  $             5,847  $             6,960
REVENUE  $         111,093  $         132,240
EXPENSES
taxes  $             11,256  $             11,256
insurance  $            10,492  $            10,492
sewer  $              3,642  $              3,642
water  $              3,068  $              3,068
electric  $                 946  $                 946
maintenance  $              3,543  $              3,543
trash/lawn  $              2,014  $              2,014
TOTAL  $            34,961  $            34,961
NET INCOME  $            76,132  $            97,279

 

Please inquire for more detailed financial information.

 

2.7% buyer’s agent commission.

 

 

N/A
Property Details:
Square Footage: 23,958 County: St. Louis County Units: 5+ Condition: Turn Key Occupancy: Some Units Vacant Parking: Off Street Parking, Parking Lot Heating: Gas Heat Cooling: Central Gas Construction: Brick, Stone Basement: Other
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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